Apple is reportedly in talks with Comcast about developing a streaming-television service using an Apple set-top box.
The Wall Street Journal reports that Apple plans to allow users to stream live and on-demand programming stored in cloud servers. The report says that Apple wants its new TV service's traffic to be separated from public Internet traffic in the heavily used portion of cable pipes that connect to customers' homes, ensuring faster service.According to the report, Apple and Comcast are not yet close to an agreement, as Comcast would have to make significant investments in network equipments and technology in order to be able to deliver what Apple wants. In a sign that content providers may have to pay up for better service, Netflix (NFLX) agreed last month to pay Comcast for faster speeds. At last check, shares of Apple were climbing more than 1% to $539.15. In New York, I'm Brittany Umar for TheStreet. -- Written by Brittany Umar in New York.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV